About Planet Farms
Planet Farms is a company based in Milano (Italy) founded in 2017 by Luca Travaglini and Daniele Benatoff.. Planet Farms has raised $40 million across 3 funding rounds from investors including UniCredit and European Union. Planet Farms offers products and services including Vertical Farming System. Planet Farms operates in a competitive market with competitors including 80 Acres Farms, Local Bounti, Fieldless, LandCraft Retail and Hippo Harvest, among others.
- Headquarter Milano, Italy
- Founders Luca Travaglini, Daniele Benatoff
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Sectors
Agriculture
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Phone
*********
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Website
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$40 M (USD)
in 3 rounds
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Latest Funding Round
$40 M (USD), Series C
Nov 23, 2023
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Investors
UniCredit
& 1 more
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Employee Count
Employee Count
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Products & Services of Planet Farms
Planet Farms offers a comprehensive portfolio of products and services, including Vertical Farming System. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Produces fresh, pesticide-free vegetables sustainably through indoor methods.
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Funding Insights of Planet Farms
Planet Farms has successfully raised a total of $40M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $40 million completed in November 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series C — $40.0M
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First Round
First Round
(01 Sep 2020)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2023 | Amount | Series C - Planet Farms | Valuation |
investors |
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| Dec, 2022 | Amount | Grant - Planet Farms | Valuation |
investors |
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| Sep, 2020 | Amount | Grant - Planet Farms | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Planet Farms
Planet Farms has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include UniCredit and European Union. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Commercial bank
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Founded Year | Domain | Location | |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Planet Farms
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Planet Farms
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Planet Farms Comparisons
Competitors of Planet Farms
Planet Farms operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as 80 Acres Farms, Local Bounti, Fieldless, LandCraft Retail and Hippo Harvest, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Indoor hydroponic farming of vegetables and herbs is provided.
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| domain | founded_year | HQ Location |
Owns and operates agricultural farm
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| domain | founded_year | HQ Location |
Indoor automated vertical farming systems are operated for year-round produce.
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| domain | founded_year | HQ Location |
Tech-based solutions for indoor farming and resource management are provided.
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| domain | founded_year | HQ Location |
Produce is grown in controlled greenhouses with targeted root nutrients.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Planet Farms
Frequently Asked Questions about Planet Farms
When was Planet Farms founded?
Planet Farms was founded in 2017 and raised its 1st funding round 3 years after it was founded.
Where is Planet Farms located?
Planet Farms is headquartered in Milano, Italy.
Who is the current CEO of Planet Farms?
Daniele Benatoff is the current CEO of Planet Farms. They have also founded this company.
Is Planet Farms a funded company?
Planet Farms is a funded company, having raised a total of $40M across 3 funding rounds to date. The company's 1st funding round was a Grant of $1.93M, raised on Sep 01, 2020.
What does Planet Farms do?
Planet Farms was established in 2017 in Milano, Italy, within the agtech sector. Indoor farming solutions are offered through a vertical cultivation system designed for controlled environments. Operations focus on technology integration to support efficient crop production. The companys activities are centered in Italy, with key leadership provided by co-founders Luca Travaglini as Chairman and Daniele Benatoff as Co-CEO.
Who are the top competitors of Planet Farms?
Planet Farms's top competitors include 80 Acres Farms, Local Bounti and Hippo Harvest.
What products or services does Planet Farms offer?
Planet Farms offers Vertical Farming System.
Who are Planet Farms's investors?
Planet Farms has 2 investors. Key investors include UniCredit, and European Union.